Shares of Piedmont Natural Gas Co. (NYSE:PNY) fell 0.1% during trading on Friday . The stock traded as low as $59.82 and last traded at $59.85, with a volume of 313,874 shares trading hands. The stock had previously closed at $59.91.

Separately, Zacks Investment Research raised Piedmont Natural Gas from a “sell” rating to a “hold” rating in a report on Wednesday, May 25th.

The stock has a market capitalization of $4.86 billion and a PE ratio of 34.79. The stock has a 50-day moving average of $60.00 and a 200 day moving average of $59.37.

Piedmont Natural Gas (NYSE:PNY) last announced its quarterly earnings data on Wednesday, June 8th. The company reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The company earned $350.20 million during the quarter, compared to analysts’ expectations of $419.80 million. The firm’s revenue was down 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. Equities analysts predict that Piedmont Natural Gas Co. will post $1.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, June 24th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, June 22nd.

In other news, Director Malcolm E. Everett III sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $60.15, for a total transaction of $902,250.00. Following the completion of the transaction, the director now directly owns 51,724 shares of the company’s stock, valued at $3,111,198.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R O. Pritchard sold 3,300 shares of the company’s stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $59.60, for a total value of $196,680.00. Following the transaction, the vice president now directly owns 17,269 shares of the company’s stock, valued at $1,029,232.40. The disclosure for this sale can be found here.

Several institutional investors recently bought and sold shares of the stock. Bragg Financial Advisors Inc raised its position in Piedmont Natural Gas by 0.5% in the fourth quarter. Bragg Financial Advisors Inc now owns 47,225 shares of the company’s stock valued at $2,693,000 after buying an additional 222 shares during the period. Principal Financial Group Inc. raised its position in Piedmont Natural Gas by 5.6% in the fourth quarter. Principal Financial Group Inc. now owns 537,981 shares of the company’s stock valued at $30,675,000 after buying an additional 28,460 shares during the period. Morgan Stanley raised its position in Piedmont Natural Gas by 401.6% in the fourth quarter. Morgan Stanley now owns 1,184,383 shares of the company’s stock valued at $67,533,000 after buying an additional 948,273 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Piedmont Natural Gas during the fourth quarter valued at approximately $11,879,000. Finally, Vanguard Group Inc. raised its position in Piedmont Natural Gas by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 6,145,920 shares of the company’s stock valued at $350,441,000 after buying an additional 263,435 shares during the period.

Piedmont Natural Gas Company, Inc is an energy services company. The Company’s principal business is the distribution of natural gas to residential, commercial, industrial and power generation customers in portions of North Carolina, South Carolina and Tennessee, including customers served by municipalities, which are its wholesale customers.

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